85 Lethbridge Street

Penrith NSW 2750

Key facts
2 adjoining lots
Approx. 588sqm each
Approx. 1,176sqm combined
Approx. 12.19m frontage per lot
Approx. 24.38m combined frontage
Zoned R4 High Density Residential
18m height limit
Existing 2-storey dwelling significantly damaged by fire
Offered strictly as is

Potential Uses - Subject to Consent

Residential Flat Building - Apartments R4 zoning permits residential flat buildings with consent. The combined 1,186m holding clears Penrith LEP's 1,100m minimum lot size for apartments. Current LEP height limit is 18m. The frontage of 24.38m meets the minimum requirement of 24m

Duplexes Expressly permitted with consent under the Penrith R4 LEP. The most straightforward and currently most financially feasible path. Two pairs of duplexes across the two existing lots. Each lot of approximately 588m satisfies the LEP minimum lot size requirement.

Terraces or Manor Houses Permitted pathways under the NSW Low & Mid-Rise Housing Policy (Chapter 6, Housing SEPP, effective 28 February 2025). This site falls within 800m of Penrith station and town centre, a nominated location under the policy.

Boarding House Expressly permitted with consent under the Penrith R4 LEP. The Housing SEPP allows boarding houses to access the maximum permissible FSR for residential accommodation plus an additional 30% FSR where extra floor space is used solely for boarding house purposes.

Co-Living Housing Expressly permitted with consent under the Penrith R4 LEP where residential flat buildings are permitted. The Housing SEPP allows co-living housing up to the standard residential FSR plus an additional 10% FSR bonus. Minimum communal open space of 20% of site area required.

Medical / Health Services Facility (DA) Lethbridge Street is an active and growing medical corridor. Recent DAs and transactions include No. 38-40 (medical centre approved), No. 77 (health services facility approved), and No. 164-166 (council-approved medical consulting). The $1B+ Nepean Hospital Stage 2 redevelopment due late 2026 is driving sustained demand for consulting and specialist space in this precinct.

The fire may have ended one story here. The next one - yours - is ready to be written.

Disclaimer: We have been furnished with the above information however, PRD Penrith, PRD Blue Mountains & PRD Glenmore Park gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.